South African Real Estate Potentially Undervalued Companies

Delta Property Fund

Market Cap: R164.3m

Delta Property Fund Limited (“Delta” or “the Group”) is a South African domiciled Level 1 B-BBEE Real Estate Investment Trust (“REIT”).

Attacq

Market Cap: R10.3b

An innovative Real Estate Investment Trust (REIT) based in South Africa, with a vision to create sustainable value for all stakeholders.

Heriot REIT

Market Cap: R5.1b

Heriot REIT Limited (“Heriot” or “the Company”) is a property holding and investment company that is listed in the “Diversified REITs” sector on the Alternative Exchange of the JSE Limited (“JSE”).

Accelerate Property Fund

Market Cap: R915.9m

Accelerate Property Fund aspires to be the most valued property fund on the Johannesburg Stock Exchange by acquiring high-quality properties with long-term leases with strong tenants.

Redefine Properties

Market Cap: R31.7b

A Real Estate Investment Trust (REIT) with a sectoral and geographically diversified property asset platform valued at R99.4 billion (FY24: R99.6 billion).

Deutsche Konsum REIT-AG

Market Cap: R110.3m

A real estate investment trust, engages in the acquisition, leasing and management, and sale of retail properties in Germany.

Spear Reit

Market Cap: R3.3b

Spear REIT Limited (“Spear”) listed as a Real Estate Investment Trust (“REIT”) on the main board of the Johannesburg Stock Exchange (“JSE”) and is the only regionally-focused REIT listed on the JSE that predominantly invests in high-quality income-generating assets in the Western Cape.

Newpark REIT

Market Cap: R480.0m

Newpark was registered and incorporated as a public company on 7 December 2015.

Exemplar REITail

Market Cap: R4.4b

Exemplar is a market leader in South African township and rural retail.

Octodec Investments

Market Cap: R2.7b

Octodec Investments Limited (Octodec or the company), its subsidiaries and associated company (the group) is a real estate investment trust (REIT) listed on the JSE Ltd (JSE) and A2X, with a diversified portfolio of 226 residential, retail, office and industrial properties situated in the major metropolitan areas of Tshwane and Johannesburg.

Burstone Group

Market Cap: R6.4b

We are a fully integrated international real estate business.